Guangdong Zinc: Futures market maintains fluctuating trend, with relatively mediocre spot cargo trading atmosphere [SMM Midday Review]

SMM June 12 news:

       In Guangdong, the mainstream transactions for 0# zinc were concluded at 22,235-22,400 yuan/mt. Mainstream brands were quoted at a premium of 280 yuan/mt against the 2507 contract, and at a premium of 20 yuan/mt against Shanghai spot cargo. The Shanghai-Guangdong price spread widened. In the first instance, suppliers offered Qilin, Mengzi, Anning, and Lanxin zinc at a premium of 279-310 yuan/mt against the online price. In the second instance, Qilin, Mengzi, Anning, and Lanxin zinc were offered at a premium of 280-310 yuan/mt against the online price. Overall, the futures market maintained a fluctuating trend today. Downstream enterprises had restocked a small amount at lower prices. Although the overall market transactions remained relatively mediocre, some traders reported a slight improvement in spot transactions compared to yesterday, with spot premiums rising slightly.